01
Formula
Monthly interest = balance × annual rate ÷ 12.
Principal is not included. The business line of credit calculator holds the balance still for the illustration.
Apply for financingCredit line
Business line of credit calculator for interest only
This business line of credit calculator divides an illustrated balance by 12 after applying an annual rate you type. The result is an interest-only month. It does not repay principal. Dengaro does not offer a business line of credit. The rate is an assumption, not a quote.
Interest-only illustration
$1,000.00/mo
Balance$100,000.00
Annual rate12.00%
PrincipalNot included
Educational illustration only. Dengaro is a brand of Funding Routes LLC and is not the lender. Dengaro does not offer this loan product. Any rate is an assumption you set, not a quote.
How it works
A month of interest is the balance times the annual rate, divided by 12.
One hundred thousand dollars at 12 percent is $12,000 of annual interest and $1,000 in an interest-only month. The balance does not fall. A line that requires principal, a fee, or a minimum draw is a different product. This page does not model any of those. Twelve percent is a placeholder so the example has a number. It is not a rate Dengaro offers, because Dengaro does not offer a business line of credit. Dengaro is a brand of Funding Routes LLC and arranges equipment financing. It is not the lender.
02
Example
$100,000 at 12 percent.
The interest-only illustration is $1,000 per month. Change the rate or the balance and the month changes in proportion. Neither input is an offer.
03
Limit
Interest-only is not a payment plan.
Many lines bill more than interest. If you were shown a payment that includes principal or a fee, this page will not reproduce it. Do not treat $1,000 as a quoted payment.
04
Equipment
Equipment financing is a different request.
The button opens an equipment application and does not send this balance. Dengaro does not offer a business line of credit.
Important questions
Know what to expect.
Does Dengaro offer a business line of credit?+
No. Dengaro does not offer a business line of credit. This page is the interest arithmetic only.
Why is principal missing?+
An interest-only illustration answers how much the balance costs to carry for a month. A amortizing payment is a different formula. The amortization calculator is that formula.
Is 12 percent a rate I can get?+
No. It is an example. Dengaro does not publish a rate and does not offer this product.
Can the balance be sent to an application?+
No. The equipment application does not receive this balance.
Equipment financing